topic Visa Signature reporting as Installment? Normal? in Credit Cards

Visa Signature reporting as Installment? Normal?

Anonymous — Sun, 03 Oct 2010 03:26:51 GMT

My Chase United Airlines Visa Signature card is reporting as an installment loan on all 3 reporting agencies. I heard that installment loan's balance doesn't count for CC revolving debt utilization, so is this a good thing? Do I want to contact them to ask them to change the way it reports? It shows high balance and balance, no limit like I read on myFico.

Re: Visa Signature reporting as Installment? Normal?

haulingthescoreup — Sun, 03 Oct 2010 04:19:21 GMT

Where did you get your reports? If it's from a 3-in-1 monitoring service, it might be reporting oddly on that, but correctly on the underlying reports. You'll need to check the full reports to be sure, or start with one of them and see what it says.

Many odd hiccups appear in technical areas like this with monitoring service reports.

Re: Visa Signature reporting as Installment? Normal?

Anonymous — Sun, 03 Oct 2010 06:05:22 GMT

Yeah it was through 3-in-1 service. On myFico, the account shows up without differentiation - it just says 'open account' with misc section saying "credit card." Thank you for a quick reply